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Eni on Tuesday said it has signed two Production Sharing Contracts (PSC) for blocks MD-02 and MD-04 offshore Myanmar.
The contract is the result of Eni’s participation in the competitive International Bid Round launched by Myanmar. The Italian major will be the operator with an 80 percent participating...

Toho Gas has entered into a basic agreement with a subsidiary of Malaysia's Petronas to buy LNG, the Japanese utility announced Tuesday.
The Japanese firm will buy from Petronas LNG Ltd. seven to nine LNG cargoes a year during the 10-year contract starting in April 2017, it said in a statement.
“We...

Two Qatari private firms have decided to invest $5 billion in China’s Shandong Dongming Petrochemical Group to develop multiple projects in China with primary focus on building an 3 million ton LNG storage facility.
Qatar’s Suhaim Bin Hamad Enterprises Group and Qatar Investment and Development...

Japan Oil, Gas and Metals National Corporation (JOGMEC) has signed loan guarantee agreements for the development and production of shale gas resources in North Montney area of British Columbia, Canada.
In a statement published Monday, JOGMEC said it has signed the loan guarantee agreements on 30th March...

Statoil on Monday announced that the Mdalasini-1 exploration well has resulted in a new natural gas discovery offshore Tanzania.
The discovery of an additional 1.0-1.8 trillion cubic feet (tcf) of natural gas in place in the Mdalasini-1 well, brings the total of in-place volumes up to approx. 22 tcf...

Chevron has decided to exit the Australian shale gas exploration space.
According to a statement released Friday by Beach Energy, which is a partner in the Australian shale gas project, Chevron Exploration Australia 1 Pty Ltd has decided that it will not participate in Stage 2 of the Nappamerri Trough...

New Zealand has opened the industry nominations for Block Offer 2016, Minister of Energy and Resources Simon Bridges announced Sunday.
Nominations should be on the basis of prospectivity and provide evidence to support the nomination. Nominations close on close 22 May, 2015.
New Zealand Petroleum &...

Noble Energy has decided to relinquish exploration licence for the Ruth C field, Noble’s Israeli partners Delek Group said last week.
“Delek Group's gas subsidiaries announced that on March 25, 2015, Noble Energy Mediterranean Ltd., the operator in Ruth C/360 license, announced to the Partnerships...

The Kuwait National Petroleum Company (KNPC) has sanctioned one billion Kuwaiti Dinar ($3.3 bn) for an LNG project, Kuwait News Agency (KUNA) reported Sunday.
Implementation of the project is to start by end of 2015, Hatem Al-Awadi, Deputy CEO for Projects at the KNPC, told reporters on the sidelines...